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According to an analysis released by Unemployment Labs on November 12, 2026, researchers conducted forensic-level tracing of publicly available model weights and found that six recently released AI models from DeepSeek, Moonshot AI, MiniMax, and Ant Group contain digital fingerprints matching the NVIDIA Blackwell architecture.The study indicates that these models used high-end hardware subject to U.S. export controls during the initialization phase. Although this fingerprinting technology cannot track the specific location or acquisition method of the chips, nor can it prove whether export rules have been violated, the technical evidence suggests that these leading Chinese AI developers have begun utilizing the Blackwell architecture for model training. Researchers ruled out the possibility of other hardware and noted that this analytical method has been validated against known model training hardware.

Reuters reported on November 12, citing three informed sources, that Chinese artificial intelligence companies are attempting to rent Nvidia chip computing power from overseas data centers, concerned that the controversy surrounding Nvidia CEO Jensen Huang may prompt Washington to tighten restrictions on the remote use of advanced processors. The United States has restricted the export of Nvidia's most advanced artificial intelligence chips to China, and Chinese companies can currently use such processors remotely by renting computing power from overseas data centers. A large Chinese cloud service provider has internally discussed whether to secure overseas Nvidia chip capacity, and some companies have contacted data center operators to negotiate reservations. The informed sources declined to be named due to the sensitivity of the matter and did not specify the cloud service provider.Two informed sources stated that smaller artificial intelligence labs are also considering similar arrangements, including reaching out to major computing power rental service providers in Southeast Asia. These companies are concerned that the controversy surrounding Jensen Huang may provide political momentum for the U.S. Remote Access Security Act (RASA). This bill aims to authorize the U.S. Department of Commerce to regulate remote and cloud access to restricted technologies. The U.S. House of Representatives passed the bill in January with a vote of 369 in favor and 22 against, and it is currently awaiting Senate review. Reuters stated that Nvidia's advanced processors are used to train and run the large models behind generative artificial intelligence products like chatbots, and restricting overseas cloud access will make it more difficult for Chinese developers to obtain high-end computing power without directly importing chips.Jensen Huang stated on Sunday that he was unfaithful to his wife. The New York Times reported that the individual involved is Alice Huang, a former executive of Singapore cloud computing company Megaspeed, who U.S. authorities have identified as a Chinese intelligence operative. Reuters stated it was unable to independently verify the allegation, and the Chinese side has denied it. Two informed sources said that Alice Huang has business dealings and investment relationships with Chinese tech companies such as Tencent and Alibaba, which did not immediately respond to requests for comment. Business filings in Singapore reviewed by Reuters show that Alibaba subsidiary Apex Enterprise Solutions had provided financing to Malaysian company Speedmatrix, which is associated with Megaspeed. Megaspeed denied illegally transshipping Nvidia chips subject to U.S. export controls to China. Two other informed sources stated that traders and intermediaries have begun hoarding restricted Nvidia artificial intelligence chips in China's gray market, with buyers concerned that the controversy may prompt the U.S. to take broader action against the smuggling of advanced chips and artificial intelligence servers.

ZDNet Korea reported on November 12 that storage companies such as Samsung Electronics and SK Hynix have decided to allocate additional supplies of enterprise-level solid-state drives (eSSD) that are currently being discussed with Chinese customers to U.S. customers. Major Chinese artificial intelligence companies such as Alibaba, Baidu, and Tencent have decided to reduce the scale of eSSD orders to below expectations, and storage companies are aware of this situation. The report states that after the U.S. strengthened export controls on artificial intelligence to China, the supply of high-performance artificial intelligence semiconductors such as graphics processors and high-bandwidth memory has become difficult, leading to a decrease in the demand for accompanying storage.eSSD is a NAND-based storage module primarily used for data centers, serving as an auxiliary storage device for data preservation. Insiders indicate that the main reason for the order reduction among Chinese companies is the difficulty in supplying artificial intelligence semiconductors. The U.S. government has effectively prohibited companies like NVIDIA and AMD from exporting high-performance artificial intelligence semiconductors to China, and the accompanying high-bandwidth memory is also subject to controls. Previously, Chinese companies had circumvented these controls through overseas entities and product disassembly, but these alternative routes have gradually faced obstacles, causing delays in investment plans.Another insider stated that the adjustment of eSSD supply plans for China by storage companies is true, and the related supply volume plans are being shifted to U.S. cloud service providers. This person noted that the storage demand from U.S. data centers remains robust, and the supply shortage may continue into next year and the year after. Industry insiders say that the tight supply of NAND in global markets such as the U.S. is still ongoing, and the reduced demand in China will be taken up by U.S. data center companies; this adjustment will not have a significant impact on the overall demand for NAND and SSD.

According to a report by Reuters, three informed sources stated that Microsoft and other companies and industry groups are urging the Trump administration to stop plans to ban the import of key components for AI data centers from China. The Federal Communications Commission (FCC) is advancing a related ban involving new optical modules from China, which are used to transmit data via fiber optics within data centers and connect servers, routers, and switches. Microsoft has met with officials from the White House Office of Science and Technology Policy and the National Security Council to explain the supply chain challenges that the ban could bring.John Miller, Vice President of Policy and General Counsel at the Information Technology Industry Council, stated that many cloud service providers have procured AI chips, and without optical modules, these chips will not be able to interconnect. According to Cleanview data, Microsoft currently has 35 data centers under construction in the United States, with another 134 planned. Counterpoint Research data shows that Chinese companies account for about two-thirds of the global optical module market, with Eoptolink and Zhongji Xuchuang as major suppliers.

AI company Anthropic has updated its "Supported Regions Policy" on its official website, with the new version taking effect on November 12. The policy applies to applications, APIs, and developer platforms such as Claude.ai, Claude Code, Cowork, as well as Claude models provided through cloud platforms and authorized distributors.The new policy clarifies that the following situations are considered as usage in unsupported regions: individuals located in unsupported regions, including users and employees of supported entities; entities registered or headquartered in unsupported regions and their users or employees, regardless of where these individuals are located; entities that are directly or indirectly majority-owned or controlled by individuals or entities from unsupported regions and their users or employees, again regardless of where they are located.According to the official website list, mainland China, Hong Kong, Macau, and Russia are not included in the list of supported regions.

According to the Beijing Daily, on November 10, the spokesperson for the Ministry of Foreign Affairs, Guo Jiakun, hosted a regular press conference. A Bloomberg reporter asked whether the Ministry of Foreign Affairs could confirm if Alice Huang is a Chinese citizen and where she is currently located.Guo Jiakun responded, "We have previously addressed this matter. The so-called 'Chinese spy' narrative is purely a baseless accusation and smear."

Elon Musk posted in a mix of Chinese and English on X, saying: "Chinese 𝕏 is awesome," praising the Chinese X community with internet slang.As of the time of publication, the post has received over 300,000 views and more than 700 replies.

According to The Verge, the U.S. government has approved the Chinese company New Matrix to purchase NVIDIA H200 AI chips, but the company's registered office location is vacant, raising concerns about whether the chip sales review is sufficient.The report cites The New York Times, stating that New Matrix was established about 17 months ago, and there is little public information available. The business directory for its registered address does not list the company, and property personnel in the park also indicated that there are no records of it. The company's owner is associated with a Chinese private equity firm that has been blacklisted by the U.S. since 2024.The report also mentions that it is not an isolated case for companies associated with entities subject to U.S. national security-related trade restrictions to be approved for purchasing NVIDIA chips.

According to a report by Yicai, the "2026 Corporate AI Status Report" released by Silicon Valley venture capital firm Menlo Ventures shows that 89% of the spending by American companies on open-source models went to Chinese models, with Kimi accounting for 61%, DeepSeek for 15%, and GLM for 11%.In addition, on the global AI model aggregation platform OpenRouter, from October 26 to November 1, the number of Token calls for Chinese large models has exceeded that of American models for 27 consecutive weeks, with Chinese models occupying four of the top five models in terms of platform call volume that week.

Trader degentrading (@degentradingLSD) released a pre-market analysis. Regarding semiconductors, he believes there are many trapped long positions in the sector, and unless a painful liquidation event occurs leading to a V-shaped rebound, any rebound will be limited by selling pressure as prices approach break-even; another possible path is company buybacks, and only MU has the capability to implement this before the expiration of the CHIPS Act-related ban on December 9. He cited Citrini's view that AI capital expenditure growth has peaked, but capital expenditure itself will not stop, just slow down; he personally believes that when growth is priced at zero, any outperformance will bring new upward momentum, thus seeing long opportunities, but he also acknowledges that stock prices may not have bottomed at the current position and could continue to decline.In terms of AI computing power, he pointed out that the previous trading day saw cloud giants rise about 10% while semiconductors fell about 10%, with the market largely attributing this to potential obstacles in new data center construction in the U.S., which would increase the value of existing chips. H100 rents rose 26% year-on-year, GB200 rose 50%, and ORCL disclosed that AI infrastructure utilization reached 98%, which contradicts expectations of computing power depreciation. Regarding Chinese tech stocks, he believes that BABA's rise of about 10% could be a turning point, and if China introduces further policy measures or brings about a strong reversal, coupled with Chinese tech stocks being at historically low valuations.In the cryptocurrency market, he believes BTC is performing strongly, and ZEC is maintaining its gains, with the industry's tailwinds returning as funds move away from the government's original intent. Under expectations of more hostile governments towards cryptocurrencies, policy pressure may actually strengthen the crypto narrative, while policy support could weaken its core supporters.

On November 4, the head of the Binance Chinese community, Sisi, responded to the security incident at the end of October, stating that approximately $6.3 billion was transferred out of the Binance system, and the responsibility lies with Binance, not with any individual engineer or technical standard. She stated that the related losses would be compensated by the platform, and users could verify themselves on the reserve proof page; the frozen and intercepted portions would be recovered one by one in cooperation with law enforcement and on-chain institutions.Sisi mentioned that after the withdrawal was reopened, the platform focused on ensuring that every withdrawal was processed. She stated that the scale of withdrawals in the past two days was on the same level as the stolen amount, and every transaction had been fulfilled, with user assets remaining intact; the platform did not misappropriate user assets. She also stated that the company's decision-making body requested that the investigation report be unembellished and truthfully disclosed, with timelines, attack paths, malicious script operations, and internal shortcomings all included in the report.Sisi cited an FBI report stating that the adversary was a nation-state actor, and since the beginning of this year, Binance had intercepted 57 suspected attacks from the same source. She indicated that all intrusion points mentioned in the report had been blocked; as of November 3, the affected wallet system had been rebuilt in a new environment, internal AI tools had been rebuilt and permissions tightened, affected devices had been replaced, relevant credentials and tokens had been invalidated, and a comprehensive device security scan and wallet risk control upgrade had been completed. She also mentioned that some defensive lines would not be made public and that an independent third-party security agency had been hired for review, with the conclusions to be announced externally. Binance's preliminary investigation previously indicated that the incident involved assets of approximately $6.34 billion, with about $2.85 billion frozen or intercepted, and the losses would be borne by the platform.

According to Bloomberg Technology, Chinese artificial intelligence developers are expected to receive only a small portion of the advanced chips ordered from Nvidia in the coming months, as Nvidia is working to increase production to meet the surge in demand. The report states that Chinese customers are expected to receive only 1% of the ordered RTX chips worth $70 billion.

According to the Financial Times, the China Securities Regulatory Commission recently held meetings with investment banks and issued verbal guidance to banks and investment banks, requesting a pause on initial public offerings (IPOs). In addition, large-scale stock reductions by existing shareholders have also been temporarily halted until the market stabilizes.Previously, Chinese regulatory authorities had implemented measures to restrict reductions and encourage stock buybacks. On Monday, the China Securities Regulatory Commission, the People's Bank of China, and the National Financial Supervision and Administration held meetings with securities companies and fund companies to discuss measures to stabilize the stock market, including lowering the stock buyback re-lending rate from 1.25% to 1% and expanding swap convenience operations.Reports indicate that the IPO financing scale in China has exceeded 292 billion yuan this year, the highest since 2023. If IPOs and large-scale reductions are paused, it may impact financing activities in China's equity market. The relevant measures are currently mainly based on informal window guidance disclosed by informed sources, and regulatory authorities have not officially confirmed them.

According to a report by Agence France-Presse, the Ministry of Justice of Madagascar, an East African country, stated that 148 Chinese citizens involved in online romance, cryptocurrency, and fraudulent investment scams in the country have been extradited back to China.Earlier reports indicated that Madagascar conducted a series of raids from August to September this year, successfully dismantling 13 telecom fraud parks operated by Chinese citizens. During a single day of operations, cryptocurrencies worth up to 52 million USD (approximately 346 million RMB) were seized, along with over 3,200 electronic devices.

On October 30, Foreign Ministry spokesperson Guo Jiakun stated at a press conference that the U.S. side generalizes the concept of national security, abuses national power, and unjustly suppresses Chinese enterprises. China firmly opposes and is strongly dissatisfied with this. The actions of the U.S. side seriously hinder normal economic and trade exchanges between Chinese and American enterprises, which do not align with the interests of all parties. China will take necessary measures to safeguard its legitimate rights and interests.

As the "leader" of the Prince Group of Cambodia, Chen Zhi has been apprehended, prompting various judicial jurisdictions to initiate the disposal of assets related to the Prince Group. Local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets surrounding the 30 British Virgin Islands (BVI) entities actually controlled by Chen Zhi. The bankruptcy proceedings in the British Virgin Islands are collective in nature, and the eligibility for creditor claims is not determined by nationality or jurisdiction; potential victims from any jurisdiction can file claims, which means that victims of online fraud and gambling from China can also submit claims at some point in the future.It is reported that the liquidation list includes 30 BVI companies, including Prince Global Group Ltd, most of which are actually controlled by Chen Zhi, while only 28 BVI companies are listed on the U.S. Treasury's sanctions list. Furthermore, "the scope of liquidation is not solely determined by sanctions," as two companies not sanctioned but included in the liquidation list, Amber Hill Ventures Limited ("AHV") and Lateral Bridge Global Limited ("LBG"), have been mentioned in U.S. judicial proceedings and are considered entities within the widely associated network of the Prince Group, accused of having no other practical use besides participating in money laundering. The prosecution claims that of the more than 120,000 bitcoins confiscated in the U.S., over 90,000 flowed through AHV, LBG, and another company registered in the Cayman Islands, Future Technology Investment; among them, the chairman and shareholder of AHV is Fan Yang, and the chairman and shareholder of LBG is Minyi Tang, who are referred to in the U.S. indictment as "Co-conspirator 6" and "Co-conspirator 7," respectively. Regarding the claims of victims of online fraud and gambling, a claims filing and distribution process has not yet been established. If a liquidation process is initiated in the future and there are sufficient funds to support distributions to creditors, the liquidators will establish a claims process, adjudicate claims, and make distributions in accordance with the British Virgin Islands bankruptcy law.

According to Caixin, as the "leader" of the Prince Group in Cambodia, Chen Zhi, has been captured, various judicial jurisdictions have successively initiated the disposal of assets related to the Prince Group.Regarding the 30 entities in the British Virgin Islands (BVI) actually controlled by Chen Zhi, local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets.

According to reports from the Science and Technology Daily, China Information Communication Technologies Group's Optical Communication Technology and Network National Key Laboratory, in collaboration with Pengcheng Laboratory and FiberHome Technologies Group Co., Ltd., has completed a real-time bidirectional transmission test of 3.2 Pb/s multi-core optical fiber, setting a world record for the bidirectional real-time optical transmission capacity of a single fiber. This speed surpasses the 2.5 Pb/s record set by the same team earlier this year, representing an increase of nearly 30%.This speed is equivalent to downloading over 20,000 4K movies in one second or providing gigabit broadband for 3.2 million households simultaneously. The test used a 10.3-kilometer-long 24-core multi-core optical fiber, combined with S+C+L three-band multiplexing and spatial division multiplexing technology. The capacity limit of traditional C+L band commercial single-core G.652 optical fiber is about 100 Tb/s, and the total capacity of this system's single fiber is 32 times that, with the results submitted to the Journal of Lightwave Technology.